How to Download Form 26AS: A Step-by-Step Guide
Annual Information Statement: Here's how to Download Form 26AS β Stepwise guide
Mint
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Form 26AS, now known as the Annual Information Statement (AIS), provides a comprehensive view of a taxpayer's financial activities. It can be downloaded from the Income Tax e-filing portal or through authorized banks. This guide outlines the steps for accessing and downloading the form.
- 01Form 26AS serves as a taxpayer's financial statement under the Income-Tax Act.
- 02It includes details on taxes paid, specified financial transactions, and refunds.
- 03Taxpayers can download it from the Income Tax e-filing portal or authorized banks.
- 04The form is updated after the processing of TDS returns by the Income Tax department.
- 05Feedback on the information displayed can be provided by taxpayers.
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Form 26AS, part of the Income-Tax Act, is now referred to as the Annual Information Statement (AIS) and provides a detailed overview of a taxpayer's financial activities for the year. This form includes information on advance tax, self-assessment tax, tax deducted at source (TDS), tax collected at source (TCS), and any refunds received. It is updated once the Income Tax department processes the TDS returns filed by authorized deductors by May 31 each year, taking an additional seven days to reflect in taxpayers' accounts.
To download Form 26AS, users must log in to the Income Tax e-filing portal using their PAN or Aadhaar number. After logging in, they can navigate to the 'Income Tax Returns' section and select 'View Form 26AS', which redirects them to the TRACES website. Alternatively, taxpayers can access their Form 26AS through their bank's net banking services, provided they are linked to their PAN. Authorized banks include major institutions like HDFC Bank, ICICI Bank, and State Bank of India. This flexibility allows taxpayers to easily access their financial information and provide feedback on any discrepancies.
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Accessing Form 26AS enables taxpayers to verify their financial transactions and ensure compliance with tax regulations, which can affect their tax filings and refunds.
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